Rally Today to Stop Foreclosures

(Metropolitan Washington Council, AFL-CIO)
With foreclosures continuing to rise across the country, hundreds of Association of Community Organizations for Reform Now (ACORN) members and their allies will rally today at 12:15P to urge Congress to act to stop the crisis. “The foreclosure crisis in this country is a result of predatory lending that went largely unchecked by federal regulators,” says the ACORN website. “Going forward, industry’s interests must better align with borrowers’ interests to ensure the safety and soundness of the marketplace and to protect the home as a source of family wealth.” At the rally, speakers will call on the Senate to approve the “Foreclosure Prevention Act of 2008” and will urge House members to co-sponsor the “Emergency Home Ownership and Mortgage Equity Protection Act.” The rally is part of the National ACORN Legislative Conference running March 8-13. Limited transportation will leave from the AFL-CIO headquarters (815 16th NW) at 11:45A. For more info on transportation, contact Terese Bouey, tbouey@aflcio.org